BSE: From Pre-IPO to IPO

Today was the analyst conference for the BSE IPO.

The ballroom was house-full with many analysts having to stand.

Watching the indefatigable CEO Ashish Chauhan field the analyst’s queries reminded me of the numerous AGMS I attended.There the CEO had to answer shareholder’s queries about when SEBI will give approval for the IPO !

It has been a satisfying journey watching the Exchange change from a Bad Boy’s Club to a more professional and dynamic outfit which can outthink and leave NSE behind as evidenced by the launch of the BSE’s India International Exchange at GIFT

Here’s wishing the 141 year old BSE many years of continued and prosperous longevity.

The Times A Changeth

There was a time when US Fortune 500 Corporations couldn’t give two hoots about what an Indian Union Minister thinks.

No longer.

The issue was Amazon Canada selling doormats with the Indian Flag on it

And the reply by Amazon

New Sheriff in Town

This latest tweet by US President-elect is clear that there is a new sheriff in town-one who believes in “Make in US” and not afraid to bully his way through.

He takes oath on 20th Jan,2017.Here is what he has promised to do on the first day of his office:

Therefore, on the first day of my term of office, my administration will immediately pursue the following six measures to clean up the corruption and special interest collusion in Washington, DC:

* FIRST, propose a Constitutional Amendment to impose term limits on all members of Congress;

* SECOND, a hiring freeze on all federal employees to reduce federal workforce through attrition (exempting military, public safety, and public health);

* THIRD, a requirement that for every new federal regulation, two existing regulations must be eliminated;

* FOURTH, a 5 year-ban on White House and Congressional officials becoming lobbyists after they leave government service;

* SIXTH, a complete ban on foreign lobbyists raising money for American elections.

On the same day, I will begin taking the following 7 actions to protect American workers:

* FIRST, I will announce my intention to renegotiate NAFTA or withdraw from the deal under Article 2205

* SECOND, I will announce our withdrawal from the Trans-Pacific Partnership

* THIRD, I will direct my Secretary of the Treasury to label China a currency manipulator

* FOURTH, I will direct the Secretary of Commerce and U.S. Trade Representative to identify all foreign trading abuses that unfairly impact American workers and direct them to use every tool under American and international law to end those abuses immediately

* SIXTH, lift the Obama-Clinton roadblocks and allow vital energy infrastructure projects, like the Keystone Pipeline, to move forward

* SEVENTH, cancel billions in payments to U.N. climate change programs and use the money to fix America’s water and environmental infrastructure

Additionally, on the first day, I will take the following five actions to restore security and the constitutional rule of law:

* FIRST, cancel every unconstitutional executive action, memorandum and order issued by President Obama

* SECOND, begin the process of selecting a replacement for Justice Scalia from one of the 20 judges on my list, who will uphold and defend the Constitution of the United States

* THIRD, cancel all federal funding to Sanctuary Cities

* FOURTH, begin removing the more than 2 million criminal illegal immigrants from the country and cancel visas to foreign countries that won’t take them back

* FIFTH, suspend immigration from terror-prone regions where vetting cannot safely occur. All vetting of people coming into our country will be considered extreme vetting.